The issue focused on the possibility of a large-scale collapse of the global economy.

It was a "truly unprecedented situation" in global finance, which would "have a significant impact" on all of the world's financial markets, according to the World Economic Forum's report released on Monday.

While there was no single cause for the event, it was a combination of many factors, the report said, including a combination of extreme heat, extreme precipitation, climate change, and a global warming trend